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Anti Money Laundering and Counter Terrorist Financing Programme Benefits - Be aware of the seriousness of money laundering & terrorist financing. - Understand and comply with the requirements laid down by the regulators. - Identify customers as required by the regulators? - Identify various types of Suspicious Transactions - Prevent attempts by parties to launder money through the organisation Programme Outline Overview of Money Laundering & Terrorist Financing Businesses Prone to Money Laundering Anti-Terrorist Financing - What constitute a Terrorist Act? - Relationship Between Terrorism and Money Laundering - Combating Terrorist Financing Regulatory Framework / Guidance - FATF - APG on Money Laundering - Patriot Act - OFAC - Wolfsberg Statements / Principles - MAS 626 - Confiscation of Benefits Act Combating Money Laundering Counter Terrorist Financing - What Financial Institutions Must Not Do in Relation to Terrorist Financing The Price of Non-Compliance Introduction to Anti-Money Laundering systems - Features - Elements of the AML Rules Engine Controls Implemented by Banks International Survey on Banks AML Issues / Practices Duration: 2 Days |